How long does it take for a foreign item to collect?

Depending on where the check is drawn on will dictate how long the collection process will take. It can take anywhere from next day upwards of 4 - 6 months.  The University receives provisional credit for most common foreign currencies drawn on foreign banks and will post the income to the local unit the same day as the item is deposited at the bank.   For all other collection items the Cash Receipts Office will process the CV and post the income net of collection fees upon receiving the credit notification from the bank.